Skip to main content

Jeremy Corbyn should prepare the Labour Party for a fierce battle with the neoliberal regime


Jeremy Corbyn's speech at the end of the recent Labor Party conference was on the right direction. Corbyn mentioned all the necessary steps that need to be taken so that one of the motherlands of ruthless neoliberalism change course, away from the destructive policies dictated by the neoliberal doctrine.

Leo Panitch, scholar and Professor Emeritus of Political Science at York University spoke to Sharmini Peries and The Real News, pointing that Corbyn's speech was "full of confidence":

           It was a great speech. full of confidence. When he was first surprisingly elected leader just over two years ago, he wasn't used to being in the limelight in that way, and his speech was often halting. But he's a conviction politician and now that he has the wind behind him and he has strong evidence that his message is in fact shifting the ground of British politics, he is full of confidence. It was a brilliant speech. He made a number of speeches like that, which were televised, at the beginning of the election campaign and that had an electrifying effect on the campaign.

           He only mentioned in passing what had been stressed earlier in the week by other shadow ministers. But the most important of which is a public investment bank, a national one, supplemented by regional investment banks where the public sector, the government, would take the lead in investment. Addressing the fact that everywhere since the 2008 crisis, there's been a recovery of profits but not a recovery of investment. He says that a Labor government will take the lead in that. He also says that they will re-nationalize some key industries: railway, water. energy. Moreover, that many public services that were expanded through the public sector, through what is known as Private Finance Initiatives, the equivalent of PPPs in North America, will be clawed back. They've been inefficiently developed. This is hospitals, this is the NHS, this is schools, etc.

Yet, Panitch warned:

           That's the centerpiece of it, it's not socialism. Those of us who wish Corbyn the best should not put ourselves in the position of imagining it's going to be easy. The reaction, even though it's not socialism, from the Confederation of British Industry, from the City, from the banks, have already been, "Oh my god. This is going to undermine private enterprise," It's far from that, but they will face enormous opposition. We shouldn't put the kind of emphasis on what they can immediately achieve that would lead us to then be disappointed in a way we were when SYRIZA was elected in Greece. We need to realize their limitations, and when he says, "We're ready", you just had him quoted as saying, "We're ready for government", they're not ready. Who could be ready to take on the kind of powers that be? They haven't built yet, although they, as he said, massively shifted the center ground of British politics. That was the most important element of his speech. He isn't yet ready. They haven't built the base in the labor party, branches in the trade unions, to win the kind of support from people when, if I can use the expression,” the crap will hit the fan,” when all of the opposition to even these relatively moderate attempts to increase the state's public sector role in the economy, will be opposed by both foreign and domestic capital.


Indeed, Corbyn should take a lesson of what happened in Greece with Tsipras and SYRIZA. They went with good will to the negotiations with Greece's creditors and suffered a heavy defeat. Greece paid a huge price as became a debt colony in the hands of the corporate neo-colonialists.

For four decades, the neoliberal regime has taken over governments, institutions, minds. It is a powerful establishment that seeks to drive Europe into the new Feudalism. To overthrow such a powerful regime one needs a good strategy and determination.

Angela Merkel is now the main carrier of the neoliberal mission in Europe. Although she lost significant power in the latest elections, she has the opportunity to build the necessary coalitions in order to finish the job in her last term in power.

Corbyn should take advantage of Brexit to drive the UK to the opposite direction. While the Brussels-Berlin axis will seek to implement all the conditions of the Greek experiment inside the EU, the Labour party under Corbyn could become an example against this dark future. While Tsipras suffered a heavy defeat as went unprepared in the battle with the ruthless neoliberal priesthood, Corbyn should go to the battle with the neoliberal regime after a good preparation and a well-constructed plan.

This means that the Labour Party should build strong alliances inside the UK, especially with workers' unions and small-medium businesses. The Party should start a well-organized campaign across the country to make all the workers unite against the neoliberal agenda of the Tories. Corbyn should speak to the small-medium business owners to make them realize that the neoliberal model is their enemy as it only benefits the big multinational monsters against the small-medium sector.

However, one of the first and most important moves that Corbyn should do after his election is to nationalize central bank. The global financial mafia inside and outside the UK will find very difficult to fight any government that fully controls the central bank, and therefore, the money supply and circulation. A public investment bank that would lead public investments, as Corbyn mentioned, is very important, but not enough.

Of course, you never announce openly that you are planning to make such a crucial move because the criminal financial syndicate will finish you before you even start. In any case, Jeremy Corbyn should prepare the Labour Party for a fierce battle with the neoliberal regime.

Read also:

Comments

  1. Anonymous29/9/17 11:39

    If Jeremy Corbyn is elected as UK Prime Minister, will the last person to leave the country please turn off the lights?

    ReplyDelete
    Replies
    1. I doubt the lights will be on by then, no one would have any money to pay for their electricity bill, or anything else for that matter.

      Delete
  2. As we see from the above comment, too many have already bought into the rightwing view of the world.

    They see clearly the inequity, but are persuaded, by the very same beneficiaries of those inequities who own the press, that their is no other option.

    For decades the press has pushed the electorate further and further right. Our only real hope are youngsters, who see Labour's ideas as exciting and possible. Not the tired and weary older generation who are afraid for what they have worked hard to acquire and have been convinced will be at risk if we move to the left.

    Our generation made this mess and we seem very reluctant to let it go, time to get out of the way and let the next generation apply a little hope to the situation or face a future of perpetual austerity and inequality...

    ReplyDelete
    Replies
    1. The belief that everyone is is equal and should have the same amount of money is reminiscent of "animal farm", and they found out it didn't work either.

      Taxing the rich was tried in the 60's and 70's and led to a flight of capital and the rich.

      In short, if you are rich enough, tax is optional and voluntary, you only have to look at Jensen Button and Lewis Hamilton amongst others that live in Monaco mainly for tax reasons.

      Companies (large corporations) have the same choice, and many relocate to Ireland (CT rate 12.5%) and Luxembourg (CT rate 11%)

      To believe you van simply tax the rich and corporations to death is pure fantasy economics.

      If McDonnell has admitted his policies will cause a run on the £, the flight of capital and companies and yet people such as yourself won't accept that more state spending requires taxes to be raised on lower and middle income people, the sad fact is they are for the most part stuck here.

      Nice try, but no cigar.

      Delete
  3. Those policies were all tried in the 1970s and all failed. Its why we became the sick man of Europe. There may be a good argument for tighter control over natural monopolies such as Water, power etc. But state investment in a mature economy is unlikely to work. Better to put more into basic science and especially education and training so people can take part in the future world.

    They talked of taxing robots, but that is taxing innovation. encourage robot and A development and deal with any consequences later when we really know what they will be. Otherwise we will just be a backwater where even more peopel end up in dead end low paid jobs or begging in the streets.

    ReplyDelete
    Replies
    1. "Those policies were all tried in the 1970s". No. 70s mark the start of the neoliberal doctrine domination that brought us into this situation today: financial crises, fraud, growing inequality, unemployment, bubble economies, poverty, etc.

      Delete

Post a Comment

Popular posts from this blog

Former Pentagon official confirms: Trump prepares for war with Iran

globinfo freexchange
Right after Trump's sudden announcement that he will withdraw the US forces from Syria, we had some mixed reactions. Some liberals reacted angrily, but most of the reactions from the liberal machine were rather moderate, or at least not as intensive as someone would normally expect.
On the other hand, Trump's supporters and all those who had enough of the pro-war neoliberal establishment, felt a kind of vindication, as it appeared that Trump would eventually keep its promise for an 'anti-interventionist' policy.
But the blog wrote immediately a 'not so fast' article to explain that most of the Americans and all those who are tired of the US endless wars, should not rush to celebrate. We estimated that Trump's move is probably a sign that he is going to re-organize troops and go after the big target called Iran.
Indeed, shortly after the move, Trump, suddenly again, announced that he will also pullout troops from Afghanistan.
And then, about…

Panicked neoliberal tools attempt to trigger a war of generations against AOC's progressive counterattack

globinfo freexchange
We were slightly surprised to see such an article title in one of the primary info tools of the global neoliberal regime and financial capital. But the subtitle immediately clarified everything.
When we read the title “Alexandria Ocasio-Cortez and the Revenge of the Millennials” of the article in Bloomberg, we thought that we might be in front of a small miracle. We thought that the time has come for some people inside the core of the establishment apparatus to admit that the younger generations have lost dramatically from this brutal system. And so, the time has come to overthrow it, take their 'revenge'.
But no, it was too good to be true.
The subtitle immediately revealed the trick: “The Democrats’ major economic initiatives tend to favor the young at the expense of the old.”
Then, inside the article we read: “Almost every major new economic initiative proposed by Democrats — the Green New Deal, Medicare for all, debt-free college — has a common feature: Un…

The desperate efforts of the Western neoliberal establishment to build a new propaganda machine

globinfo freexchange
The UK government and other Western governments and the US in recent years have had increasing difficulties persuading enough of their populations as to the legitimacy of the foreign policies that they have been pursuing.
And at the same time, Western countries have been going through a period of political crisis and economic crisis.
Piers Robinson, Chair in Politics, Society and Political Journalism at the University of Sheffield, further explains:
I think a lot of this drive is as much about trying to shore up shaky official narratives and trying to shore up political systems in a situation of political crisis, as it is actually about countering Russian propaganda.
I would suspect that that's a little bit of an excuse here to really what's going on of problems much closer to home.
This is not just to do to UK, this is Europe-wide. And there are also indications from the documents that they are intending to start to have some kind of impact within the United…

How neoliberalism manufactured consent to secure its unlimited power

From David Harvey's A Brief History of Neoliberalism
Part 10 – How Margaret Thatcher systematically destroyed the British industry along with the trade unions
While there were many elements out of which consent for a neoliberal turn could be constructed, the Thatcher phenomenon would surely not have arisen, let alone succeeded, if it had not been for the serious crisis of capital accumulation during the 1970s. Stagflation was hurting everyone. In 1975 inflation surged to 26 per cent and unemployment topped one million. The nationalized industries were draining resources from the Treasury.
This set up a confrontation between the state and the unions. In 1972, and then again in 1974, the British miners (a nationalized industry) went on strike for the first time since 1926.
The miners had always been in the forefront of British labour struggles. Their wages were not keeping pace with accelerating inflation, and the public sympathized. The Conservative government, in the midst of power …

Confirmed: Germany builds its own imperialist empire

globinfo freexchange
Almost two years ago we identified Germany's efforts to develop its military in the context of its ambition to build its own sphere of influence.
As we wrote, Brexit will give the chance to Germany to increase influence due to the change of power balance, especially now that France appears weak - crawling behind Berlin's austerity, sado-monetarism and neoliberal destruction. These conditions (created in the Greek experiment), are necessary to Germany in order to retain a model in favor of its surpluses. These could become the solid ground upon which Germany could build a strong, modern military machine.
Therefore, Merkel knows that the economic domination is not adequate for a country to become a major power. It is also important to have a strong military presence in its “sphere of influence”, or, its financial/debt colonies, if you prefer. The German military presence in Lithuania is a first step towards this direction as the Baltic countries have already be…

WikiLeaks disturbing and hopeful findings on Tulsi Gabbard's path to progressiveness

The definite detachment from the Clintonian machine
globinfo freexchange
Searching the Podesta emails inside WikiLeaks we found a rather disturbing fact about Tulsi Gabbard who recently announced that she will run for the 2020 US presidency. Iraq War Veteran, Jon Soltz, chairman at VoteVets at the time, sent an email on Aug. 2012 to Hillary Clinton top lobbyist, John Podesta, in order to thank him for his contribution to Gabbard's campaign in Hawaii.
Soltz wrote (emphasis added):
This morning, we are one step closer to making history. In Hawaii, VoteVets PAC-endorsed Iraq veteran Tulsi Gabbard has won her primary, in a stunning come-from-behind victory. If she wins in November, she along with Tammy Duckworth (who we also feel very good about), would be the first female combat veteran ever elected to Congress in United States history! This is happening because of you. Your tens of thousands of dollars in donations for Tulsi's campaign, through VoteVets PAC, allowed her to run a fir…

The difference between Bernie Sanders and Jeremy Corbyn and what the US elections won't allow you to decide

globinfo freexchange
A country that has been completely taken over by the banking mafia and the corporate power will never allow people to decide on the most important issue: the abolition of the dominant system that works against them.
Professor Richard Wolff explains:
Because of Bernie Sanders, particularly, we now have the word Socialism floating around, but typically it's about, more or less, really among Democrats. Like Mr. Sanders is ambiguously an independent but he's also a Democrat.
So, the ‘Socialists’ seemed to be the Democrats who want to do more for people. Social welfare, social supports, state supports, versus those who don't want to do quite so much - the centrist Democrats, like Clinton and Obama.
But the real question is a program of change. Socialism is a change of system it goes away from capitalism to do something else. It would be interesting if we could have an election ‘do we want that?’, ‘would we like a different system?’.
There are countries doing t…

The IMF is dismantling Argentina all over again

Part 1
In September, Argentine president Mauricio Macri accepted the 2018 Atlantic Council’s Global Citizen Award. In attendance were many of world’s neoliberal power players and policy makers, among them International Monetary Fund (IMF) Managing Director Christine Lagarde.
Facing the crowd, Macri gleefully admitted that “with Christine, I have to confess we started a great relationship some months ago,” referring to a series of loan agreements with the IMF amounting to $57.1 billion dollars. “I expect that this is going to work very well, and we will end up with the whole country crushing on Christine,” he continued.
This dynamic of chasing an improved image with the world’s big banks and the dominant economies in the West is emblematic of Macri’s priority to secure a relationship with the IMF and improve the country’s image with global financial institutions. But it comes at a devastating cost for the majority of the population who will suffer from neoliberal policy prescriptions of…

How neoliberalism manufactured consent to secure its unlimited power

From David Harvey's A Brief History of Neoliberalism
Part 11 – The Reagan/Thatcher neoliberal legacy: a bizarre form of a sinister political doctrine from which it would be difficult one to escape
But Thatcher had to fight the battle on other fronts. A noble rearguard action against neoliberal policies was mounted in many a municipality –– Sheffield, the Greater London Council (which Thatcher had to abolish in order to achieve her broader goals in the 1980s), and Liverpool (where half the local councillors had to be gaoled) formed active centres of resistance in which the ideals of a new municipal socialism (incorporating many of the new social movements in the London case) were both pursued and acted upon until they were finally crushed in the mid-1980s.
She began by savagely cutting back central government funding to the municipalities, but several of them responded simply by raising property taxes, forcing her to legislate against their right to do so. Denigrating the progressive…

Banishing Truth

by Chris Hedges
The investigative reporter Seymour Hersh, in his memoir “Reporter,” describes a moment when as a young reporter he overheard a Chicago cop admit to murdering an African-American man. The murdered man had been falsely described by police as a robbery suspect who had been shot while trying to avoid arrest. Hersh frantically called his editor to ask what to do.
The editor urged me to do nothing,” he writes. “It would be my word versus that of all the cops involved, and all would accuse me of lying. The message was clear: I did not have a story. But of course I did.” He describes himself as “full of despair at my weakness and the weakness of a profession that dealt so easily with compromise and self-censorship.
Hersh, the greatest investigative reporter of his generation, uncovered the U.S. military’s chemical weapons program, which used thousands of soldiers and volunteers, including pacifists from the Seventh-day Adventist Church, as unwitting human guinea pigs to measure…